VC funding up, biotech outpaces other industries
Venture-capital funding continued to rise in the fourth quarter, continuing a recent boom despite economic jitters sown by the subprime-mortgage financial mess.
VCs tossed $7 billion at startups in the fourth quarter, a substantial 12 percent rise over the same quarter last year, according to data published by PricewaterhouseCoopers, the National Venture Capital Association and Thomson Financial. Fourth-quarter funding slumped a bit compared to the average of $7.5 billion raised in each of the first three… Continue Reading
Venture capital investing steady, clean-tech up
[Updated with VentureOne/Ernst & Young data, which shows investing increased significantly during the quarter]
Venture capitalists invested robustly during the third quarter, at or near record levels since 2001, according to two surveys released last night.
So all is OK on the investing side, even if the venture capital firms themselves are showing signs of pain. Friday, news spread of yet another venture capital firm that has put its fund-raising plans on hold, because investors found its… Continue Reading